Getting Payroll Right
As a sole trader, the money that flows into your business is, to a degree....yours. To a degree because there will be tax and national insurance to pay and as long as you are on top of your bookkeeping this won't become a problem when the tax is due.
When it comes to limited companies, even if you are a one man band, you need to run a payroll which is compliant with HMRC rules....rules which are not always straightforward.
You will be on PAYE....will you pay yourself dividends and, if so, how much...will the business be contributing to your pension....what are the NI implications?
We can offer an end to end solution for pension auto enrolment including automatically assessing and enroling eligible employees, through to generating output files for pension providers.
So many questions, which only become more complicated when you take on staff, if you don't already have employees. Get Your Time Back can take on all of this work to ensure that everything runs smoothly. All the necessary RTI submissions will be taken care of removing the worry from you.